Both the sellers and the purchasers are subject to an exclusive agreement with Gingerbread Haus.
This is a contract between the client and the agent (us) (either buyer or seller).
You can be confident that a real estate agent will give their all to serving your interests if you have an exclusive contract with them. Additionally, it will demonstrate to your real estate agent your commitment to your buy/sell decision. Never should buyers or sellers consider a contract as a means of keeping them bound to a particular agent.
This type of contract safeguards the effort your real estate agent will put forth to represent your interests. At the same time, you can rest easy knowing that from the first day of negotiations until the deal is finalized, a seasoned agent is looking out for you. It would be wise to sign an exclusive contract with a real estate agent whether you have never bought or sold a home before or have done so in the past.
The Gingerbread Haus representatives take pride in having a spotless reputation for dependability and integrity in this field. We promise to consistently act with your best interests in mind. When you commit to one of our real estate agent to be your buyer or seller agent, you can be assured that we will be:
- Dealing honestly and fairly
- Observing confidentiality at all times
- Observing full disclosure
- Accounting for all funds
- Diligent in all transactions
- Presenting all offers and counteroffers in a timely manner
- Disclosing all known facts that materially affect the value of the residential real property and are not readily observable.
What is Stipulated in an Exclusive Contract with Real Estate Agent for Sellers
An important piece in the contract is the stipulation of the agent’s commission. An exclusive contract with a real estate agent specifies the conditions for the payment of the broker or agent fee and the duration of the collaboration. It also clarifies what happens next in the event the following scenarios happen:
- The homeowner gets to sell the property
- The homeowner gets to find a client by his or her own
- The homeowner decides to use the services of another real estate agent
The exclusive listing agreement and the exclusive right-to-sell agreement are the two different forms of exclusive contracts with real estate agents.
The homeowner’s freedom to sell how he pleases is unrestricted thanks to the exclusive listing agreement. He or she will still be required to pay the agent commission even if they sell using their own personal network of contacts, their own marketing strategies, or those of another agent or agency.
The agent fee is guaranteed for the duration of the contract under the second kind of exclusive agreement with a real estate agent. Whatever happens, the real estate agent is compensated.
An exclusive right-to-sell listing agreement is a contract between the listing agent and the owner of the home, according to the National Association of Realtors, wherein the seller agrees to pay the agent’s efforts regardless of who eventually brings in a buyer. In plainer terms, the homeowner is committing to work solely with one real estate agent to sell his house within a predetermined time frame.
If you have a right-to-sale listing agreement and an exclusive contract with a real estate agent, you will be totally dependent on your agent to sell the house. The agent consents to advertise the property and carry out numerous additional tasks necessary for the sale to be completed. Even if it is the homeowner’s responsibility to sell the property separately—let’s say by running Facebook ads on its post—the agent is still owed the commission.
When you work with a top-performing agent from Gingerbread Haus, you’ll have the added advantage of working with our extensive network of highly efficient home inspectors, lenders, service providers, and anyone else who will have a hand on the journey to the closing table.
Reasons why Exclusive Listing Contract is Best for Property Sellers
Signing an exclusive contract with a real estate agent means you grant him or her the right to sell your property. On the surface, an open listing may seem like a better and cheaper option. You can do your own marketing and advertising. If you sell your home, you don’t have to pay a commission to a real estate agent.
While paying a lower commission might sound tempting, there are advantages to an exclusive listing. You will have to pay a commission once you get in this kind of agreement. Advertising and other fees will also be higher, but an exclusive listing gives you advantages you might not think about:
- Maximum Exposure of the Property for Sale to the Right Buyers
- This gives the real estate agent control over the marketing methodologies to be implemented which leads to a much faster close.
- High-Quality Offers
- With an Exclusive Listing, your real estate agent spends more time choosing the best prospects. This can result to your agent getting you the best offer the first time.
- In addition, an exclusive contract with a real estate agent will eliminate much of the long negotiation process. This draining series of accepting many offers, counter-offers and counter-counter-offers and so on – only to end with no sale. An exclusive contract enables the real estate agent to take the time to structure truly worthwhile offers.
- Simplified Negotiation – lesser chance of “haggling”
- When the property owner enters into an exclusive contract with a real estate agent, the listing agent now represents the property owner. Buyers respect that kind of confidence the owner has bestowed upon the agent. Ultimately, it is the homeowner/seller who will benefit from this trust which may manifest in a simplified negotiation with no or less haggling.
When you’re selling, nothing beats the feeling of having a reliable partner work with you and for you all throughout the entire selling process. Your agent may suggest renovations that will increase the value of your property well beyond the cost of the renovations. They will also implement an advertising and marketing strategy for you to attract higher offers. In short, when you give a real estate agent an exclusive listing, you have a professional working on your behalf.
In an open listing agreement, real estate agents may compete against each other instead of acting on your behalf. They may entertain any offer that comes along and try to convince you to hastily accept it. Your property may not be their top priority. Their exclusive properties usually come first.